Chief Executive Officer
Location: Cook County
Year Founded: 2015
Industry Group Specific: Financial Technology
At the age of 15, Ben Weiss co-founded CoinFlip with his childhood friend while they both were in college. They recognized the growing appetite for crypto; however, it was difficult to purchase bitcoin, despite considering themselves tech savvy.
“Putting themselves in their future customers’ shoes, they discovered they could use bitcoin ATMs to resemble a traditional ATM experience,” said his colleagues. “Leveraging cash to crypto ATMs, they set out on a mission to offer a simple, safe and secure onramp to the digital economy.”
CoinFlip is a leading fintech company powered by cryptocurrency. The company operates the world’s largest network of cryptocurrency ATMs by transaction volume with over 4,500 kiosks across 49 U.S. states, Puerto Rico, Canada, Australia, New Zealand, South Africa, Italy, Panama and Brazil supporting the buying and selling of major cryptocurrencies with cash.
Headquartered in Chicago, CoinFlip has been recognized on the Inc. 5000 list, the Deloitte Technology Fast 500 and named as a Crain’s Fastest Growing Company in Chicago. In addition, under Weiss’ leadership, the company increased its physical footprint beyond ATMs through its Chicago headquarters and its Crypto Experience Center based in Tampa. Weiss was responsible for developing the company’s digital platform Olliv, a self-custodial wallet that makes it simple for everyday users to invest in digital assets.
As a leader in the industry, Weiss believes that no one should be left out of the digital economy because it’s hard to understand or difficult to get started. “When creating the company, Ben discovered the difficulties many people often face trying to establish financial wellness through traditional banking,” said his colleagues. “Ben has used his passion for crypto, determination and entrepreneurial spirit to provide customers with the most accessible means to cryptocurrency on the market, whether it is through physical kiosks or easy-to-understand resources.”
Weiss has also focused on inclusivity throughout his time as a leader in the cryptocurrency industry. “I started the company with my parents in mind, who weren’t familiar with the digital assets space,” he said. “It’s important for me to provide services that help make the on-ramp to crypto simple, safe and accessible for our customers.”
In order to reignite his passion, Weiss said he said he relies on his team members’ ingenuity. “I firmly believe and encourage my team to remember that great ideas come from all corners of the room,” he said. “I actively encourage my employees to share ideas and seek out real world problems we can help fix together.”
For his influence and impact on the industry, Weiss has been named a Titan 100.
My secret superpower is my ability to absorb information at lightning speed. As a young founder in a fast-paced industry, it’s crucial for me to understand complex concepts to act thoughtfully and quickly.